Research Briefing | Apr 30, 2021

Norway | Country Economic Forecast April

Ipad Frame (15)-2

Norway’s economy is restrained by activity restrictions that aim to maintain 
tight control over the pandemic. However, once containment measures ease, Norway is well placed for a strong rebound, with a large savings buffer, robust goods demand, and firming oil exports supporting the recovery. We see mainland GDP growing 3.6% in 2021, up from our 3.4% forecast in March.

What you will learn about:

  • Activity data for February continued to show Norway’s economy struggling
  • We estimate Norwegian households built up excess savings
  • Inflation dipped in March by 0.2ppts

Back to Resource Hub

Related Services

Seoul, South Korea

Post

BoK’s monetary policy to tighten even as hiking cycle ends

Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.

Find Out More
China Shenzhen skyline

Post

Why China isn’t about to save the world economy

The earlier and faster than expected ending of zero-Covid restrictions in China bodes well for the global economy and adds to the recent run of positive news.

Find Out More